Moot Point anyway. The Master in Command is always in total responsibility to properly secure the hull and maintain an adequate full time watch for the conditions and safety of the hull, cargo, passengers, and any of other property. The captain is fully liable here for failure to secure the vessel and complete failure to maintain an adequate watch for the conditions. Proof: "I have no idea what happened.. I guess someone stole the boat under my command". Full Liability would fall to the master in charge then the owner of the hull. 1.) Failure to secure the vessel. 2.) Failure to maintain a proper watch. Always read the contract from your underwriter.